Canaccord Genuity Group Reaffirms “Buy” Rating for Corero Network Security (LON:CNS)

Corero Network Security (LON:CNS)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 23.50 ($0.30) target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 43.47% from the company’s current price.

Corero Network Security Stock Performance

CNS traded down GBX 0.32 ($0.00) during midday trading on Tuesday, hitting GBX 16.38 ($0.21). 2,780,123 shares of the company traded hands, compared to its average volume of 247,377. The company’s 50-day moving average is GBX 17.81 and its 200 day moving average is GBX 19.91. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of £105.00 million, a PE ratio of 130.06 and a beta of 0.46. Corero Network Security has a 52 week low of GBX 8.76 ($0.11) and a 52 week high of GBX 29.30 ($0.38).

Insider Transactions at Corero Network Security

In other Corero Network Security news, insider Carl Herberger acquired 106,530 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,774.42). Company insiders own 77.54% of the company’s stock.

About Corero Network Security

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero’s award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting.